moved stop to breakeven. holding on for a while here, i hope it goes below 53.
5% - 10% profit per day trading
- Thread starter spanish89
- Start date
- Status
moved stop to breakeven. holding on for a while here, i hope it goes below 53.
i'm out at 53.45. in again long at the same price. stop at 53.20.
> i'm out at break even. sigh today is tough.
> i'm out at break even. sigh today is tough.
God i hate trading!!@@
had couple of LONG rounds cashed , now short at 43.40 ( bit early ) , I may avg. it
Shorting at will! Target of 51 tomorrow
3/23 3% crude oil up move
-----------------------------------------
- Monday's upswing came as stock markets bounced on the Treasury's new plan to use up to $100 billion in funds from the Troubled Asset Relief Program, or TARP, and capital from private investors to buy troubled assets bogging down the balance sheets of banks.
- Encouraging housing data also fueled the market.
- The Dow Jones Industrial Average was recently up 327 points.
"There doesn't seem to be a lot of fundamental news in the oil markets," said Tom Knight, vice president of trading and supply at oil wholesaler Truman Arnold Cos. in Texarkana, Texas. "It's really more trading in sympathy with other financial markets."
- While the move boosted U.S. stock markets, the dollar reversed overnight losses. The euro was recently $1.356, close to last week's value.
- The price gains came as oil workers in Nigeria, an OPEC member, threatened to begin a three-day warning strike Tuesday if talks with the federal government on the country's oil industry are deadlocked. Elijah Okougbo, general secretary of the National Union of Petroleum and Natural Gas Workers, or NUPENG, said Monday that a 21-day ultimatum to meet union demands had been given to the government on March 3.
- The unions are opposed to government plans to deregulate the downstream sector of the oil industry, end subsidies on petroleum products and privatize the country's state-owned refineries.
- Light, sweet crude for May delivery was recently up $1.54, or 3%, at $53.61 a barrel on the New York Mercantile Exchange. The contract became the new front-month benchmark after Friday's expiration of April Nymex crude.
- Front-month April reformulated gasoline blendstock, or RBOB, rose 5.13 cents, or 3.5% to $1.5083 a gallon.
- April heating oil rose 8.02 cents, or 5.8%, to $1.4636 a gallon.
-----------------------------------------
- Monday's upswing came as stock markets bounced on the Treasury's new plan to use up to $100 billion in funds from the Troubled Asset Relief Program, or TARP, and capital from private investors to buy troubled assets bogging down the balance sheets of banks.
- Encouraging housing data also fueled the market.
- The Dow Jones Industrial Average was recently up 327 points.
"There doesn't seem to be a lot of fundamental news in the oil markets," said Tom Knight, vice president of trading and supply at oil wholesaler Truman Arnold Cos. in Texarkana, Texas. "It's really more trading in sympathy with other financial markets."
- While the move boosted U.S. stock markets, the dollar reversed overnight losses. The euro was recently $1.356, close to last week's value.
- The price gains came as oil workers in Nigeria, an OPEC member, threatened to begin a three-day warning strike Tuesday if talks with the federal government on the country's oil industry are deadlocked. Elijah Okougbo, general secretary of the National Union of Petroleum and Natural Gas Workers, or NUPENG, said Monday that a 21-day ultimatum to meet union demands had been given to the government on March 3.
- The unions are opposed to government plans to deregulate the downstream sector of the oil industry, end subsidies on petroleum products and privatize the country's state-owned refineries.
- Light, sweet crude for May delivery was recently up $1.54, or 3%, at $53.61 a barrel on the New York Mercantile Exchange. The contract became the new front-month benchmark after Friday's expiration of April Nymex crude.
- Front-month April reformulated gasoline blendstock, or RBOB, rose 5.13 cents, or 3.5% to $1.5083 a gallon.
- April heating oil rose 8.02 cents, or 5.8%, to $1.4636 a gallon.
Nigeria's oil workers strike
-----------------------------------------
IBADAN, Nigeria (Dow Jones)--Nigeria's oil workers will begin a three-day
warning strike Tuesday if talks with the federal government on the country's
oil industry, slated for Monday, are deadlocked, a union leader told Dow Jones
Newswires.
Elijah Okougbo, general secretary of the National Union of Petroleum and
Natural Gas Workers, or NUPENG, said Monday that a 21-day ultimatum to meet
union demands had been given to the government on March 3.
The unions are opposed to government plans to deregulate the downstream
sector of the oil industry, end subsidies on petroleum products and privatize
the country's state-owned refineries.
Okougbo said the reason the country's four refineries weren't operational was
because of the damage done by Niger Delta militants to pipelines carrying crude
oil to them, mismanagement and poor maintenance.
He also said that removing subsidies under deregulation would cause gasoline
prices to go up to 100-150 naira ($0.68-$1.02) a liter from the current price
of NGN65/liter.
He said the price of food and other items will go up as a result and that,
coupled with the high rate of redundancies in the country, will mean "society
will degenerate into a state of anarchy. 80% of the population will be living
from hand to mouth.
"We will not allow deregulation and the end of subsidy, it's not good to
privatize the refineries," he said.
Babatunde Ogun, president of the Petroleum and Natural Gas Senior Staff
Association of Nigeria, or PENGASSAN, echoed that view, saying deregulation and
the plan to end subsidies "is unacceptable to our members, we will resist it."
Nigeria's Minister of Petroleum Resources Rilwanu Lukman said the plan to
privatize the four refineries is being revived because "(the) government was no
longer prepared to spend money repairing and maintaining the refineries. Money
spent on them in the past had been mismanaged."
-----------------------------------------
IBADAN, Nigeria (Dow Jones)--Nigeria's oil workers will begin a three-day
warning strike Tuesday if talks with the federal government on the country's
oil industry, slated for Monday, are deadlocked, a union leader told Dow Jones
Newswires.
Elijah Okougbo, general secretary of the National Union of Petroleum and
Natural Gas Workers, or NUPENG, said Monday that a 21-day ultimatum to meet
union demands had been given to the government on March 3.
The unions are opposed to government plans to deregulate the downstream
sector of the oil industry, end subsidies on petroleum products and privatize
the country's state-owned refineries.
Okougbo said the reason the country's four refineries weren't operational was
because of the damage done by Niger Delta militants to pipelines carrying crude
oil to them, mismanagement and poor maintenance.
He also said that removing subsidies under deregulation would cause gasoline
prices to go up to 100-150 naira ($0.68-$1.02) a liter from the current price
of NGN65/liter.
He said the price of food and other items will go up as a result and that,
coupled with the high rate of redundancies in the country, will mean "society
will degenerate into a state of anarchy. 80% of the population will be living
from hand to mouth.
"We will not allow deregulation and the end of subsidy, it's not good to
privatize the refineries," he said.
Babatunde Ogun, president of the Petroleum and Natural Gas Senior Staff
Association of Nigeria, or PENGASSAN, echoed that view, saying deregulation and
the plan to end subsidies "is unacceptable to our members, we will resist it."
Nigeria's Minister of Petroleum Resources Rilwanu Lukman said the plan to
privatize the four refineries is being revived because "(the) government was no
longer prepared to spend money repairing and maintaining the refineries. Money
spent on them in the past had been mismanaged."
Nicely done mate.. 
I saw that that formation did hold as a reversal...
(Although that fall only came as initial reaction to what geintner was saying, as everyone had been waiting all day for his speech)
I was asleep n didnt wakeup till 8pm exactly, but i saw the chart and i did smile cos i knew atleast 1 of us, you, was holding a sell trade mate..
I had even more shitty news for my life tough, a i phoned the hosuing benefits centre again,
I had made my claim from 4th Febuary, legally they have ot either reject you or make a payment after 14days.
Its now been nearly 2months and they still are too lazy to just stamp my claim and send me the payment!!
(I phoned this morning to check how much longer it will be,
the man said they only make payments on mondays n so he would make a not for the lady to do it today n id get the money next friday. (rent due today, and they cover less than half my rnet anyways)
I then called in the afternoon n the man said they havent done it yet but will process it soon!
So even if they get of their fat asses n do their job and process it this week, i wont get the money sent to me till next week, and so wont recieve it till next week friday!! :eek:
So im gna have to withdraw all teh money from my trading account tomorrow or wednesday at the very very lastest to pay my rent,
but then until they pay me the money im owed i wont be able to trade and so wont be able to ean my food money during the week!
So its a very harsh depressing situation.
The only bit of good news is that that Hedge-Fund that contacted me and wanted me to take the 1st application stage for a career with them today sent me this online test for me to take..
Complete Numerical Ability Test (G)þ
SHLGroup.com
Its a timed test that i can use a calculator with, but i have no idea what sorta complex mathematical questions there will be in there about advanced mathematics and stuff... :/ (eek)
I know how to do normal maths to the level that you actually could ever need it in life, got B in maths at GCSE even so do know enough.
But this test will probably be about PhD level quantum mathematics and Bio-calculus, and a load of other things that i have never even heard of and have no interest in whatsoever! :/
I dont even get why they want me to do the test though, since the contacted me cos they have seen me trading through here for so long, as seen the results n % profit ive constantly managed to rake in, even while under extreme pressure.
So they obviously want me for my ability to do that,
NOT because they think im just another university maths geek whos spent the last 10years studying for hours every night and attening chess society and the Glee club!!
Lol
So i dont get why they cant instead just give me a test with thats a slideshow of 1,000 formations of oil, and i just have to tell them which 1s i would trade/which i would ignore,
and the 1s i would trade where i would put my stoploss and where my target would be.
That way they could easily see how my trades would have played out and if id have made them money for not. :/
I saw that that formation did hold as a reversal...
(Although that fall only came as initial reaction to what geintner was saying, as everyone had been waiting all day for his speech)
I was asleep n didnt wakeup till 8pm exactly, but i saw the chart and i did smile cos i knew atleast 1 of us, you, was holding a sell trade mate..
I had even more shitty news for my life tough, a i phoned the hosuing benefits centre again,
I had made my claim from 4th Febuary, legally they have ot either reject you or make a payment after 14days.
Its now been nearly 2months and they still are too lazy to just stamp my claim and send me the payment!!
(I phoned this morning to check how much longer it will be,
the man said they only make payments on mondays n so he would make a not for the lady to do it today n id get the money next friday. (rent due today, and they cover less than half my rnet anyways)
I then called in the afternoon n the man said they havent done it yet but will process it soon!
So even if they get of their fat asses n do their job and process it this week, i wont get the money sent to me till next week, and so wont recieve it till next week friday!! :eek:
So im gna have to withdraw all teh money from my trading account tomorrow or wednesday at the very very lastest to pay my rent,
but then until they pay me the money im owed i wont be able to trade and so wont be able to ean my food money during the week!
So its a very harsh depressing situation.
The only bit of good news is that that Hedge-Fund that contacted me and wanted me to take the 1st application stage for a career with them today sent me this online test for me to take..
Complete Numerical Ability Test (G)þ
SHLGroup.com
Its a timed test that i can use a calculator with, but i have no idea what sorta complex mathematical questions there will be in there about advanced mathematics and stuff... :/ (eek)
I know how to do normal maths to the level that you actually could ever need it in life, got B in maths at GCSE even so do know enough.
But this test will probably be about PhD level quantum mathematics and Bio-calculus, and a load of other things that i have never even heard of and have no interest in whatsoever! :/
I dont even get why they want me to do the test though, since the contacted me cos they have seen me trading through here for so long, as seen the results n % profit ive constantly managed to rake in, even while under extreme pressure.
So they obviously want me for my ability to do that,
NOT because they think im just another university maths geek whos spent the last 10years studying for hours every night and attening chess society and the Glee club!!
LolSo i dont get why they cant instead just give me a test with thats a slideshow of 1,000 formations of oil, and i just have to tell them which 1s i would trade/which i would ignore,
and the 1s i would trade where i would put my stoploss and where my target would be.
That way they could easily see how my trades would have played out and if id have made them money for not. :/
Quote from spanish89:
Nicely done mate..
I saw that that formation did hold as a reversal...
(Although that fall only came as initial reaction to what geintner was saying, as everyone had been waiting all day for his speech)
I was asleep n didnt wakeup till 8pm exactly, but i saw the chart and i did smile cos i knew atleast 1 of us, you, was holding a sell trade mate..
I had even more shitty news for my life tough, a i phoned the hosuing benefits centre again,
I had made my claim from 4th Febuary, legally they have ot either reject you or make a payment after 14days.
Its now been nearly 2months and they still are too lazy to just stamp my claim and send me the payment!!
(I phoned this morning to check how much longer it will be,
the man said they only make payments on mondays n so he would make a not for the lady to do it today n id get the money next friday. (rent due today, and they cover less than half my rnet anyways)
I then called in the afternoon n the man said they havent done it yet but will process it soon!
So even if they get of their fat asses n do their job and process it this week, i wont get the money sent to me till next week, and so wont recieve it till next week friday!! :eek:
So im gna have to withdraw all teh money from my trading account tomorrow or wednesday at the very very lastest to pay my rent,
but then until they pay me the money im owed i wont be able to trade and so wont be able to ean my food money during the week!
So its a very harsh depressing situation.
The only bit of good news is that that Hedge-Fund that contacted me and wanted me to take the 1st application stage for a career with them today sent me this online test for me to take..
Complete Numerical Ability Test (G)þ
SHLGroup.com
Its a timed test that i can use a calculator with, but i have no idea what sorta complex mathematical questions there will be in there about advanced mathematics and stuff... :/ (eek)
I know how to do normal maths to the level that you actually could ever need it in life, got B in maths at GCSE even so do know enough.
But this test will probably be about PhD level quantum mathematics and Bio-calculus, and a load of other things that i have never even heard of and have no interest in whatsoever! :/
I dont even get why they want me to do the test though, since the contacted me cos they have seen me trading through here for so long, as seen the results n % profit ive constantly managed to rake in, even while under extreme pressure.
So they obviously want me for my ability to do that,
NOT because they think im just another university maths geek whos spent the last 10years studying for hours every night and attening chess society and the Glee club!!
So i dont get why they cant instead just give me a test with thats a slideshow of 1,000 formations of oil, and i just have to tell them which 1s i would trade/which i would ignore,
and the 1s i would trade where i would put my stoploss and where my target would be.
That way they could easily see how my trades would have played out and if id have made them money for not. :/
how come a hedge fund contacted you without you applying?
They didnt got into the specifics in the email of how they heard about me,
but i know that the only way they would have would have been through seeing me trade & my trading record (P/L) through this thread.
Things have toned down quite alot this year, and so i have toned down my trading and posting alot too... lol
But i have already managed to get ALOT of trading related priveledges from companies just because they know who i am because of this thread.
Since there are many many people reading this thread everyday but who dont ever post in here.
I just really dont want to do n fail that test though, which i know i would when it starts asking me pointless questions about scentific-maths nonsense!
- Status